Coen brothers revive John Wayne film
The brothers will direct their own version of the movie, which earned Wayne his only Best Actor Oscar in 1970.
However, the Coens' project will be a departure from Wayne's film - they will base their story more closely to Charles Portis' book about a 14-year-old girl who tracks down her father's killer in Indian territory.
The film will reteam the brothers with producer Scott Rudin, their partner on the Oscar-winning No Country for Old Men.
Casting for the True Grit remake has yet to be determined.
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